XRP ETF News : Waiting for a place XRP ETF is far from the surface, but now there is a clearer picture of when a final decision may come. In a tweet, Crypto America host Eleanor Terrett The details of his speech with ETF expert James Seyffart, which ease potential time for approval of the XRP spot ETF.
XRP ETF Approval Timeline
James Seyffart, a well-known ETF expert, suggested that the final decision on the XRP spot ETF is expected to arrive in mid-October, with October 18th is a likely deadline.
However, Seyffart also noted that the SEC could make a decision before, depending on how they actively engage in applications. The process has been slower than expected, but this date provides a glimmer of hope for the eager ones waiting for the outcome.
While the agency could make its move before October, Seyffart believes that Q4 is probably the most active time for crypto-related decisions throughout the board.
Franklin XRP ETF decision pushed in June
This update came shortly after the SEC delayed its decision on Franklin Templeton's XRP ETF Filing. Instead of moving forward in May, the agency pushed the test date until June 17. For many, this delay was not surprising, the SEC took place in Bitcoin and Ethereum ETF.
But here's the twist, the SEC does not always use the full time allowed. If they are actively in contact with the given and legal teams in advance, the decision may come earlier.
Polymarket Prediction: Approval of XRP ETF can occur in 2025
At the same time, the polymarket, a predictive platform, says There are 78% chance The XRP ETF is approved by 2025. It fits into what believes in the crypto world, even though the SEC delays its decision.
It shows that, while approved can take a few more years, interest in crypto ETFs is growing.
XRP ETF Approval of Brazil
Brazil recently launched the first XRP ETF in the world, XRPH11, which is managed by Hashdex and Genial Investimentos. This step is a great step for the crypto world, showing a growing interest in the XRP ETF.
It can also increase the chances of an XRP ETF approved in the US The Brazil's ETF success can push US regulators to act earlier.
